Walgreens to Buy Rite Aid In Mega Merger
On Tuesday, Walgreens Boots Alliance (WBA) announced it will be purchasing Rite Aid in a $17.2 billion deal. If antitrust regulators approve the merger Walgreens will become the largest pharmaceutical retailer in the world. WBA will pay Rite Aid Corp $9 per share amounting to $9.4 billion dollars. The total value is equal to $17.2 …